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It happens in slow and in subtle ways.
If you look at Obamacare. What this law does, (aside from all the job killing) is it mitigates the incentive for innovation in medical technology. When the government assumes more and more of the responsibility, the abilty to make profits from innovation is lessened. Some theink thats good. "There all a bunch of greedy *******s".
But in reality, fewer lives are saved down the road as a product. So we've stuck it to the capitalists, but we've harmed mankind.

There are millions of other examples or what I'm talking about.

Nothing on this planet produces more innovation and effiency than free and open markets. Because it taps into the greatness of human beings.

You operate under the flawed supposition that the capitalism in the modern era operates under actual capitalist philosophies.

There are seminars on this stuff for the people that have to deal with it. So tell me what is in the bill that makes you say it will squelch innovation.

So you don't think an additional tax on a particular industry mitigates the incentive to innovate in that industry?

That's what they believed in the USSR. How did that work for them. They were in the dark ages until the wall came down.
This (as I said) is economics 101.
And the problem is that with so many other countries going to government sponsored health systems, they rely on the US for innovation.

Another one of the "unintended consequences" with the desire to care for everyone.

The road to despair is littered with the remnants of "good intentions".